Timberline Resources Closes Offering of 5 Million Shares
Timberline Resources Corporation (TBR.V) has closed the previously announced underwritten public offering of its common stock. The company offered 5 million shares of its common stock at $0.20 per share to the public.
The company intends to use the net proceeds from the offering for exploration of our Lookout Mountain Project in Nevada, exploration and development of other existing or acquired mineral properties, working capital requirements, acquisitions, or for other general corporate purposes.
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